Cal. Code Regs. Tit. 10, § 1452 - Loan Size and Duration: Limitations

When making or negotiating loans, a finance company shall take into consideration, in determining the size and duration thereof, the financial ability of the borrowers to repay the same, to the end that the borrowers should be reasonably to repay said loans in the time and manner provided in the loan contracts.

Notes

Cal. Code Regs. Tit. 10, § 1452

Note: Authority cited: Section 22150, Financial Code. Reference: Section 22150, Financial Code.

1. New NOTE filed 12-29-83; effective thirtieth day thereafter (Register 83, No. 53).
2. Amendment of NOTE filed 2-21-85; effective thirtieth day thereafter (Register 85, No. 8).
3. Change without regulatory effect amending Note filed 6-14-95 pursuant to section 100, title 1, California Code of Regulations (Register 95, No. 24).